Board of Governors of the Federal Reserve System

and, therefore, the valuations less reliable. Research by Federal Reserve...key drivers affecting valuations, fair-value-range estimates, and confidence

the amended Basel I). Taken together, these proposals on Basel II and ...and, of course, with the banking industry and members of the public--to

and, as I have noted, both fell sharply after about 1984. Economists generally...best economic performance possible, given their economic objectives. I

prices over the second half of last year. In contrast, the recent step-down...price-stability mandate. Following many years of low readings, the core

key policymakers, and leading private-market participants in these audiences...The Future of Financial Regulation" and would like to express special

and, in my view, have left the G-SIBs far stronger than they were before...and, more importantly, stave off a sudden stoppage of the flow of credit

pricing, reporting, and scoring.4 As a result, information on credit histories...key credit attributes of single male and single female consumers. As the

key financial stability activities undertaken by the Federal Reserve over...key vulnerabilities); promoting a perspective on the supervision and regulation

key financial markets. Responses are obtained from a senior officer at...prices, and moderate long-term interest rates (12 U.S.C. 225a). In addition

and, given how well behaved inflation remained, we believed we could afford...and, so far at least, that patience appears to have been justified. During